Universal Health Services Cuts Annual Guidance - Read Why

  • Universal Health Services Inc UHS said that due to a significant shortfall in operating results experienced during April and May, the company is revising its forecast for FY22.
  • The company forecasts Q2 adjusted EPS of $2.05 - $2.15, lower than the consensus of $2.79. 
  • During April and May, acute care hospitals experienced a significant decline in COVID-related patients compared to Q1 2022, which was not offset by an equivalent increase in non-COVID-related patients.
  • During April and May, patient volumes, revenues, and income generated at behavioral health care facilities were also below expectations.      
  • For FY22, Universal Health Services forecasts sales of approximately $13.235 billion - $13.371 billion, down 1.4% - 2.4% from the original guidance below the consensus of $13.49 billion.
  • The company expects adjusted EBITDA of $1.635 billion - $1.712 billion, compared to the prior guidance of $1.830 billion - $1.927 billion.
  • It estimates an adjusted EPS of $9.60 - $10.40, down from the previous outlook of $11.90 - $12.90 and below the consensus of $11.69.
  • Price Action: UHS shares are down 5.35% at $101.50 during the premarket session on the last check Thursday.

Posted In: Briefswhy it's movingEarningsLarge CapNewsGuidanceHealth CareMoversTrading IdeasGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.